Treasury Management
Practical solutions that save your business time and money.
Cash flow is the lifeblood of your business, and managing it effectively keeps operations running smoothly. Delays in payments, gaps in account security, and limited payment options can slow you down. Your local team at Bank Midwest provides clear, straightforward solutions to not only keep your business moving but shift it into high gear.
Cash Management
Convenient Tools for Managing Everyday Finances
From payroll to payments and everything in between, managing your business’s cash flow can be complex. Our cash management solutions provide you with clear oversight, helping you protect your funds, streamline operations, and stay in control of your finances.
We provide your business with:
- Liquidity Solutions – Move funds efficiently, maintain accessible balances, and put your idle cash to work through interest-earning sweep accounts.
- Wire Transfers – Move money quickly when timing matters, helping your business handle large or urgent transactions with confidence.
- Automatic Payments – Streamline payroll, bill pay, and other routine transactions electronically through recurring or one-time payments.
- Account Security – Protect your business financials against fraud and unauthorized activity with up-to-date digital protection.
- Dual Control Authorization – Verify payments through two separate users, which can be enabled for all wire transfers and ACH transactions.
At Bank Midwest, our wide range of business tools simplifies managing your cash flow so you can focus on what’s next for your operation.
Online Deposit
Solutions that Optimize Your Accounts Payable and Receivable
At Bank Midwest, our local team offers secure, efficient solutions that make it easier to pay vendors, receive payments, and streamline your cash flow.
Your business will have access to:
- Online Deposit – Deposit checks directly from your office instead of driving to the bank, helping your business streamline operations and access funds faster.
With Bank Midwest, your business can save time on managing finances so you can spend more time on what matters most.
Insured Cash Sweep
Protect Larger Balances While Keeping Funds Accessible
Managing higher account balances shouldn’t mean sacrificing security or accessibility. Our solutions help your business maintain liquidity while ensuring your deposits remain protected and easy to track.
Enjoy full FDIC insurance on deposits larger than $250,000** with Bank Midwest’s Insured Cash Sweep® (ICS) service.
This service has an accepted network of banks where we place your over-insurance limit checking, savings and money market funds. And, it tracks that your funds are maintained by Bank Midwest. You can enjoy peace of mind and the convenience of working with one bank.
**Limits apply.
Use of the ICS service is subject to the terms, conditions, and disclosure set forth in the applicable program agreements. Limits and customer eligibility criteria may apply. ICS program withdrawals are limited to six per month when using the ICS savings option. ICS, Insured Cash Sweep, are registered service marks of IntraFi Network, LLC.
Positive Pay
Add an Extra Layer of Protection to Your Payments
Fraud can happen quickly, but the right safeguards help your business stay ahead of suspicious activity. Proactive monitoring gives you greater control over payments while reducing risk.
Your business will have access to:
- Positive Pay Check Protection – Identify questionable check payments using our payment flagging service, Positive Pay, helping you decide where to accept or reject each transaction.
- Positive Pay ACH Protection – Monitor and flag suspicious ACH transactions, giving you greater control to review activity and approve or block payments before they post.
- Stop Payments – Halt any number of outgoing payments and respond quickly to suspicious activity.
- Email and Text Alerts – Monitor account balances and sweep activity with customizable alerts sent to multiple users.
By allowing you to review flagged transactions in real time, Bank Midwest helps stop unauthorized activity before it impacts your cash flow.
Merchant Services
Grow Your Business through Streamlined Payment Options
Your customers may not always have access to cash, which can limit payment options and slow down the growth of your business. Our treasury experts offer straightforward guidance to equip your business with secure card payments and automatic payment tracking.
Our merchant services offer your business:
- Payment Flexibility – Accept credit and debit cards from customers at your physical location with secure processing.
- Web Payment Options – Equip your business with online and mobile payment avenues, allowing your business to speed up collections and improve cash flow.
Bank Midwest offers multiple business credit card options, providing more flexibility for your business’s finances so you can move forward with confidence.
Business Credit Cards
Flexible Purchasing Power for Everyday Business Needs
Business expenses don’t always follow a predictable schedule. Business credit cards through Bank Midwest provide flexible purchasing power to support your operational needs, whether that’s spot purchases, buying inventory, or filling gaps in your cash flow.
We offer multiple business credit card options, including:
- Business Credit Cards
- Company Cards
- Nonprofit Credit Cards
Get more flexibility for your organization’s finances and move forward with confidence. See a representative for more information.
FAQs: Treasury Management at Bank Midwest
Do I need a business account for treasury management?
Yes. Treasury management services require a business account, as these tools are not available with consumer accounts. A business account helps you manage cash flow, manage payments, and maintain accurate records. It also helps protect your personal finances and ensures your business is set up for efficient treasury management and reporting.
Is treasury management only for large businesses?
No, businesses of all sizes can benefit. Our solutions scale to your specific needs, so even small or mid-sized businesses can streamline payments, improve cash flow, and protect their funds.
Are there fees for these services?
Fees can vary depending on the specific services you choose. Your local team at Bank Midwest can provide a clear breakdown so you know exactly what to expect.
Can your treasury management tools integrate with my accounting software?
Yes! Many of our digital tools integrate with popular account platforms, making tracking, reporting, and bookkeeping faster and more accurate.
What should I do if I suspect unauthorized activity in my business accounts?
Freeze payments immediately to prevent further transactions, then contact your local Bank Midwest representative. We’ll help investigate, secure your accounts, and prevent further unauthorized transactions.
Ready to Accelerate Your Business?
Good treasury management can help grow your operation to new heights, saving you time on managing your finances so you can focus on your business.
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